Sebi imposes ₹5 lakh fine on Yes Securities
Mint Mumbai|September 28, 2023
Markets regulator the Securities and Exchange Board of India (Sebi) on Wednesday imposed a fine of ₹35 lakh on brokerage Yes Securities for irregularities pertaining to settlement of client funds, shortage in collection of margin and for not adhering to leverage and exposure limits
Sebi imposes ₹5 lakh fine on Yes Securities

Sebi along with the stock exchanges, inspected the accounts of Yes Securities in 2022 during which the regulator discovered several discrepancies in reporting.

These include irregularities in monthly and quarterly settlement of funds, short collection of margins, and discrepancy reporting networth, among others.

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